13 Jul 2019

Fiveight acquires the Old Swan Brewery

New home for Tattarang and Minderoo Foundation.

1 minute read

Fiveight has completed a sale to acquire the head-lease for the Old Swan Brewery, including ownership of the commercial space and commercial carpark from previous owners, the Besen Family Office.

The Old Swan Brewery is a Perth icon. The site stands today as a mixed-use precinct with residential apartments, commercial floor space for offices and restaurants, as well as a separate car park.

Fiveight has acquired the Old Swan Brewery as a long-term property investment and it adds to the company’s growing and diverse portfolio that includes industrial, residential, commercial and office assets.

Andrew Hagger, CEO of Tattarang and Minderoo Foundation, said: “We have grown substantially in recent years and the Old Swan Brewery could help fulfil our need for more space. But more importantly, we are thrilled to see the Old Swan Brewery site return to West Australian hands. We recognise its long and significant importance to so many West Australians and looks forward to being part of its next chapter.”

The transaction transfers the ownership of the carpark and commercial floor space to Fiveight. The restaurants will continue to be leased to the existing tenants. The 28 residential apartments are subject to sub-leases owned by individuals. Duncan Murray, CEO of Besen Family Office, said: “Besen is proud to have managed one of Western Australia’s most iconic landmarks for the last decade. The site will continue to be in good hands under Minderoo’s ownership – a proudly West Australian organisation.”

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